1.
Revolution, a radical global shift from agrarian hand-crafted economies to machine-driven factory-based manufacturing
2.
Least Cost Theory, an industrial location model that explains the optimal location for manufacturing plants
3.
Economic Zones, delimited geographical area within a country that has different economic laws and regulations than the rest of the nation aimed at attracting foreign investment boosting exports and creating jobs
4.
foreign-owned manufacturing factories in Mexico primarily along the U.S. border that import raw materials duty-free for assembling components and exporting finished goods back to the home country
5.
Development, development that meets current needs without compromising the ability of future generations to meet theirs balancing economic growth social inclusion and environmental protection
6.
v Post-Fordism, the modern flexible post-1970s era focusing on specialized niche markets decentralized production and IT-driven customization
7.
the business practice of hiring a party outside a company-often in another country-to perform services or create goods that were traditionally performed in-house.
8.
v Just-in-case, Manufacturing manufacturing focuses on efficiency by producing goods only as needed to meet demand minimizing inventory costs and waste. Conversely Just-in-Case (JIC) involves stockpiling excess inventory to protect against supply chain di
